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Ken Ramsing has been in the lumber business for most of his life. Ken's biggest competitor is Pacific Woods. Through many years of experience, Ken knows that the ordering cost for an order of plywood is $25 and that the carrying cost is 25% of the unit cost. Both Ken and Pacific Woods receive plywood in loads that cost $100 per load. Futhermore, Ken and Pacific Woods use the same supplier of plywood, and Ken was able to find out that Pacific Woods orders in qualities of 4,000 loads at a time. Ken also knows that 4,000 loads is the EOQ for Pacific Woods. What is the annual demand in loads of plywood for Pacific Woods?
Six vitamin and three sugar tablets identical in appearance are in a box. One tablet is taken at random and given to Person A. What is the probability that Person A was given a vitamin tablet?
Critically discuss the difference between the standard deviation of the sampling distribution of the mean and the standard deviation of the sampling distribution of the median when we calculate the probability?
Adult men have weights that are normally distributed with a mean of 172 lb and a standard deviation of 29 lb. Find the probability that the mean weight of the men in the sample is between 170 and 175 lb.
At.05 significance level, can we conclude that larger proportion of the agents think the economy is expanding this month?
A research study comparing college alcohol use in the United States and Canada reports that more Canadian students drink but American students drink more Is this study an example of an experiment? Explain why or why not.
Let X be the number of gallons of ice cream that is requested at a certain store on a hot summer day. Assume that f(x)= 12x(1000-x)^2/10^12, 0
question bombardier of montreal.bombardier designs and manufactures trains and planes and relies on large deals from
Use a 0.01 significance level to test the claim that flights scheduled one day in advance cost more than flights scheduled 30 days in advance.
They have asked for an analysis of the stock out probabilities for various order quantities, an estimate of the profit potential and to help make an order quantity recommendation.
The Weschsler IQ test has a μ =100 and a σ = 15. A vitamin company said if people took vitamin X for 30 days their IQ would improve. A simple random sample of 49 people took the vitamins for 30 days. They then took the IQ test. The mean IQ of the ..
Solve problem graphically1. Describe optimal solution and objective function value in context of the problem.
What was Cody's real income in 2004 and what was his real income in 2007
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